Company regSstration numbgr N1044042 (Northem Ireland) Charity registration number NIC10307Y (Northern Ireland) BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustegs Peter McKenna Danny Gallagher Frank McK8igue Hugh McKenna S8cr8tary Danny Gallagher Country of incorporation United Kingdom (Northern Ireland) N1044042 Charity registration Northem Ireland NIC103077 Registered office 2 Ranaghan Lane Maghera Derry BT46 5JZ Independent examlner PFS Accountants and Auditors Ltd 122 Main Street Dungiven Co Dery 8T47 4LG
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED CONTENTS Page Trustees report Independent examinerfs report Statement of finanaal actnirties Balance sheet Note5 to the finanaal statements 6-12
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Iruslees present their annual report and financial statements for the year ended 30 September 2025. The finanual statements have been prepared in accordance with the awounling policies sel out in note 1 to the financial ststements and Comply with the charity's governing documenl, the Companies Act 2006, FRS 102 'The Financial Reporbng Standard applicable in the UK and Republic Df Ireland. and the Charities SORP "P£eounting and Reporting by Charities." Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicablè in the UK and Republic of Ireland IFRS 1021" Objectives and activities The objects of the Company is lo promote the beneff( of the inhabitsnls of the area of Brackaghreilly and its environs (the "area of ben&frt'l wlhoul distinction of sex. race or political, religious or other opinions by associating wth the slalutory aulhorilies. voluntary organisations and inhabitants in a common effort to relieve poverty, advance education. preserve and protect health and provide facilities in the interests of social weare for recreation and other leisure time o¢cupations wth the oblecl of improving the conditions of life for the said inhabttants. Public benefft The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performanee Signrficanl activiti&s and 8chievements against objectives During the year ended 30 September 2025 the company raised £3.535 from youth and drama clubs, holding card nights and from the hire of the hall. The company also received a grant from Mid Ulster COU11 which was partly towards the costs of lighting and healing of the hall. Part of this grant has been carried forward to the next accounbng year and is to be used to hold a Ceili Ni9ht. Each year the company aims to raise enough funds to cover ils overheads. Financial revlew During the year ended 30th September 2025 the company made a deficit of £1,879. {2024'. Defiat £551} ReseeS polry It is the policy of the charty that unrestricted funds which have not been design8ted for a specific use should be maintsined at a level equivalent to bettveen three and six mgnlh's expenditure. The Iruslees eonsicler that reserves al this level will ensure that, in the event of a significant drop in fvnding, they will be able to continue the charty's current activities while consideration is given lo ways in which additional funds msy be raised. This level of reserves has been maintained throughout the year. Structure. governance and management The charity is a company limrted by guar8lltee which was incorporated on 5 September 2002 and was established under a Memorandum of Association which establishes the objects and powers of the company and 1$ govemed under the Artides ofAssocialion. The company currently has four directors who manage it. The Iruslees, who are 8150 the diredors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. Peter McKenna Danny Gallagher Frank McKaigue Hugh McKenna Recfurfment 8nd appointment of Iruslees Brackaghreilly and District Community Association Limitèd requires three twstees and reappointment beeen persons al the annual general meeting. No other person or extèrnal body is entiued 10 8ppoint any of the trustees. None of the trustees has any beneficial interest in the company. Atl of the trustees are members of th& company and guarantee lo contribute £1 in the event of a wnding up.
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trustees report was approved by the Board of Truslges. Peter McKenna Trustee 23 July 2026
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED I report on the fin8n¢ial statements ofthe ¢harity for the year ended 30 September 2025, whh are sel out on pages 4t012. Respective responsibilities of charity tru5tses and examiner AS the charity Iruslees land also the directors of the company for the purpose$ of Company lawl you are responsible for the preparation of the fin8n¢ial 51atemenls in 8r£ord8nce with the requirernÈnts of the CompaniesAct 2006. Having satisffied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examinab"on, it 15 my responsibility to.. examine the financial ststements under section 65 of the Charthes Act (Northem Irend) 2008.. follow the procedures laid down in the general Diredion5 gw8n by the Cornrnis5ion under Section 6519}Ibl of the Charities Act (Northern Ireland) 2008., and state whether particular matters have come tts my attènti¢n. Basis of independent examlnerfs report I have exarnined your charity financial statements as required under seth.on 65 of the Charities Act (Northem Ireland) 2008 and my examin¥ti¢>n was carried out in ac¢ord3n¢e wth the gener31 Direclitsns gwen by the Charity Commission for Northem Ireland under section 65191{bl of the Charities Act. The examination inrJLJded a review tsf the accounting records kept by the ¢harty and a comparison of the financial statements presented with thos¢ records. It also included consideration of any unusual iterns or disclosures in the financial statements. and seeking explanations from you as charity trustees conceming any suth matters. My role is to state whether any material matters have come to my ottention 9Ing me ¢ause to believe that.. 1. Accounting records were not kept in ac¢ordance with section 38$ of tho CompanlesAct 2006., or 2. The financial statements do not accord with those acaounting rewrd5', or 3. The financial statements do not comply wilh the accounting reqU7MentS of section 396 of the Compani95 Ad 2006 and with the methods and princllple5 of the Chariiie5 Statement of Recomrnendgd Practice applicable lo charrties preparing their financial statements in accordance with the Finanaal Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021.. or 4. There is further infomation nÈeded ft)r a propgr tjnderslanding of the financial ststsrTtgnts lo ached. Independent examiner's ststèment I have completed my exarnination and I have no concems in respect of the matters111 to141 listed above and. in connection with following the D1CtionS of the Charity Cornmission for Northem Ireland, I have found no matters Ih8t require drawing to your attention. PFS Accountants and Auditors Ltd 122 Main StTeel Dungiven Co Dery BT47 4LG 23 July 2026
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Totsl 2025 2024 Notes Income and endovlments from: Donah"ons and legacies Charitable activtties Other income 1,663 1,663 3,535 13.852 285 285 2,880 3.535 13,852 2,880 T(>tal income 17,387 1,663 19,050 2.880 285 3.165 Expenditure on: Charitable activities 19,927 1.002 20,929 3,431 285 3,718 Total expenditure 19,927 1,002 20,929 3,431 285 3,716 Net incomellexpenditur•l and movement in funds 12,5401 661 11,879} 15511 1551} Reconciliation of funds- Fund balancès al 1 Octtsbtrr 2024 134.407 134,407 134,958 134,958 Fund balances at 30 September 2025 131,867 661 132,528 134,407 134,407 The statement of financial aclnfilies includes all gains and losses recognised in the year. All income and expenditu derfve from continuing activities.
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED BALANCE SHEET AS A T 30 SEPTEMBER 2025 2025 2024 Note5 Fixed assets Tangible assets 11 133.352 136,866 urrent assets Cash al bank and in hand 23,558 659 Creditors.. amounts falling du8 within one year 12 124,3821 13,118} Net current liabilitie5 18241 12.4591 Total assets less currnnt IlabSllties 132,528 134,407 Thè lunds of the Charity Reslricted income funds UnreslricteLI funds 13 14 661 131.867 134,407 132,528 134.407 The Company is enlrtled lo the exetnption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2025. The directors acknowlèdge their TespDnsibililie5 for ClpIYIng wlth the requirements tsf the Compani9$ A¢t 2006 with respect to accounting re¢ords and the preparation of financial statements_ The rnerHbers have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accurdan¢e with the provisions applicable lo companies subje¢t to the small companies regime. The financlal statements w¢re approved by the truslees on 23 July 2026 Peter McKenna Trustee
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policie Charity information Brackaghreilly and District Community Association rnited is a private Company limited by guarantee incorporated in Northem Ireland. The registered office is 2 Ranaghan Lane, Maghera, Derry, BT46 5JZ. 1.1 Basis of preparation The financial ststemen15 h8ve been prepared in accordance with the charity's goveming document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to ¢harities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021" The charty is a Public Benefft Entity as defined by FRS 102. The charity has taken advantagtr of the provisions in the SORP for charihes ntst to prepare a statement of cash flows. The financial statements are prepared in sterfing, which Is the functlonal currency of the charity. Monetary amounts in these financial staternents are rounded to the nearest £. Th8 finanaal statements have been prepared under the historical cost conv¢ntion, lrnodified to include the revaluation of freehold properties and lo include Investment properties and certain financial instruments at fail valuel. The prinGipal accounting FK)licies adopted are sel out below. 1.2 Going concern At the h.tne of approving the finanrial Statements, thè tfustees have a reasonable expectation that the charity has 8dequ8te resour5 to continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of accountin9 in preparin9 the finanGial statements. 1.3 Charitabl¢ fund¥ Unrestri¢led funds a 8V8iiable for use at Y)e Lliscrelion of the trustees in IurtheTan of their charitsble objectives. Restricted funds are subject to spe¢tfie conditions by donors or grantofs as to how they may be used. The purposes and uses of the Stricted funds are set out in the notes to the financial statements. Endowment funds are subject to specffic COnd.0nS by donors that the capit81 must be maintèined by the charity. 1.4 Income Income is recognised when the charty is legally entitled lo it after any perforrnance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash dtsnalions 8re recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unlgss perfOrrn8n condits'ons require deferral of the amount. Income tsx recoverable in lation to donations received under Gift Aid or deeds of covenant Is reco9nised at the time ol the donation. Legacies are recognised on CeIpt or otherwise rf the charity has been notified of an impending distribtrtion, the amount is known, and receipt is expected. If the arnount is not known. Ihe legacy is treated as a contingent asset.
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Ac¢ountkng policies IContinued} 1.5 Expendfiture Expendittjre is recognised once there Is a legal or ¢onstructive obligation to transfer ewnomic benefit to a third party. it is probable that a transfer of economic benefits will be required in $ettlement, and the amount of the obligation can be measured reliably. Expenditure is ¢lassified by activity. The costs of each activity are made up of the total of dired costs and shared costs, including support Costs involved in undertaking each 8CtNty. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned befv4een those activities on a basis consistent wrth the use of resources. Central staff costs are allocated on the basis of time snt. an¢J depreciation charge5 are allocated on the portion of the asset's use. 1.6 Tan9ible fixed assèts Tangible fixed assets are InallY measured at cost and subsequently measured at o)st or valuation. net of depfe¢4ation and any impaiment10ss8s. DeprecAation is recognised so as to write off the cost or valuation of assets less their residual values over their sefvl INes on the following bases.. Freehold land and buildin9S Fixtures and frttings 50/0 Straight line 10% straight line The gain or10s5 arising on the disposal of an asset is delemiined as the drfference between the sale pro¢eeds and the carying value of the asset, and is recognised in the statement of financial activits'es. 1.7 Impairnient of fixed assets At each reportin9 end dale. the charity reviews the carrying amoun15 of its tangible assets to determine whether there is any indication that those assets have suffered an impaimient 105s. If any Such indication exists. the recoverable amount of the asset is estirnaled in order lo determine the extent of the impaimonl loss lif any). 1.8 Cash and ¢•sh equivalents Cash and cash equivalents indude sh in hand, depos(ts held at call with bankg, other short-terrn liquid investments with Original matuiitigs of threg mgnths or18ss, and bank overdrafts. Bank ovwdrafts are shown within borrowings in current liabilities. Basic financial assets BasiG finanryal asset5, which include debtors and cash and bank balances, are initially measured al transa¢tt¢n price including transaction costs and are subsequently carr¢ed at amortised cost using the effective interest method unless the arrangernent constitutes a finanung transaction. where the transaction is measured at the present value of the fulure receipts discounled at a marf(et rate of interest. Financial assets dassified as re1vable within one year are not amortised.
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies IContSnuedl Basic financffal liabilities Basic finanaal liabilities, induding creditors and bank loans are initially rewnised at transa¢tion price unless the arrangement constitutès a finanung Iran5aCtion, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Finanaal liabilities classified as payable wtthin one year are not amortised. Debt instruments are subsequenuy ¢arried al amotbsed cost, Using the effective interest rale method. Trade credrtors are obligations lo pay for goods or services that have been acquired in the ordinary course of op¢rati¢>n$ from suppliers. Amounts payable are dassffied as current liabilities rf payment is due wthin one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost usin9 the effeth.ve interest method. Derèeognltlon of finan¢ial liabilities Financial liabiliti'es are decOgnISed when thè ¢h8rty'3 ¢ontradual obligations expire or are discharged or cancelled. 1.9 Employee beneflts The cost of any unused holiday entiuement is reco9nTsed in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the charity is dernonstrably commitied to teminat¢ the gmpfoymenl of an employee or to provide temiination beneffts. Critical accounting estimates and judgements In the application of the charrty's 8¢¢ounting policies. the trustees are required to make judgernents, estimates and assumpiions about th¢ ¢arying amount of assets and liabilities that are not readily apparent from other sources. The estimates and assoaated assumptions are based on historical experien and other factors that re considered to be relevant. Actual resutts may dsff$r from these estimates. The e5tim8tes and underfying assumptions are reviewed on an ongtsing basis. Revisions lo accounting estirnalg5 are recognised in the period in whieh the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Restricted fvnds 2025 Restrlcted funds 2024 Grants 1,663 285 Grants Mid Ulst8r Oistrict Council 1.663 285 1,663 285
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Incomè from eharttable activities Unrestricted funds 202S Unrestricted funds 2024 Year Income from youth I drama Glubs and activity classes Hire of hall 3,035 500 2,880 3,535 2,880 Other income Unrestrlcted Unrèstricted funds funds 2025 2024 Insurance daim 13,852 Expenditure on charitable activities Y$ar 2025 Year 2024 Direct costs Depreciation and impaient Water rates Insurance Light and heat Accountancy Bank charges Gener81 expenses Repairs and maintenance 3,513 95 1,870 879 762 138 20 13,852 386 1,652 829 602 134 113 20,929 3,716 Analysis by fund Unreslricted fvnds- general Restricted funds 19,927 1.002 3,431 285 20.929 3,716
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2025 Ngt mov?ment in funds 2025 2024 The net movement in fvnds is stated after chargingllcrediting}= Fees payable for Ihe independent examination of the charity's financlal statements DepreciatDn of owned tangible fixed assets 439 3,513 602 Trustses None of the trustees lor any pgrsons connected with thernl received any remuneration or benefits from the charty during the year. Employe The average monthly number ol employees during the year was.. 2025 Number 2024 Number Total There were no employees whose annual remuneration was more than £60,000. 10 Taxation The ¢harity is exempt from taxation on its actwities beuse all its income 1$ applied for ¢h8ritable purpos&s. 11 Tangible fixed assets Freehold lénd Flxtyrps and and bulldln9$ fitbn9S Totsl Cost At 1 Octobgr 2024 207.130 16,483 223,613 AI 30 September 2025 207,130 16,483 223,813 Depreeiation and impairment At 1 October 2024 Depreciation charged in the year 70,26S 3,513 16,483 86,748 3,513 At 30 September 2025 73,778 16.483 90,261 arying amount At 30 September 2025 133,352 133,352 At 30 September 2024 136,866 136,866 10-
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 12 Creditors: amounts falling due within one year 2025 2024 Trade creditors other creditors Accruals and deferred incorne 1,700 240 22,442 2,289 240 589 24,382 3,118 13 Restricted funds The restricted funds of the charity comprise the unexpended balances of donatnS and grants held on trust subject to specffic condrfÈi¢ns by donors as to how they may be used. At 1 October 2024 Incoming resources Resources At30 expended September 2025 General fvnds 1,663 {1,0021 661 Previous year. At 1 October 2023 Incoming r•50ur¢es Resources At30 expended September 2024 285 12851 14 Unr¥$tri¢ted funds The unrestricted funds ofthe charty comprise the unexpended b8lance5 of donations and grants which are not subject to speufic condvtions by donors and gr8nlors 85 to how they may be used. These include designated funds which have been set aside out of unrestricted fvnds by the trustees for specific purposes. At 1 October 2024 Incomin9 resources Re¥our¢e¥ At30 expended September 2025 General funds 134,407 17.387 119.92n 131,867 Previous year: At 1 October 2023 Incoming resources Resources At30 expended Septèmber 2024 General funds 134.958 2,880 13,4311 134,407
BRACKAGHREILLY AND DISTRICT COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 15 Analysis of net assets befven funds Unrestrfcted fund5 2025 Restrlcted funds 2025 Totsl 2025 At 30 September 2025: Tangible assets Current assetsllliabilities} 133,352 11,485) 133,352 {8241 661 131,867 661 132,528 Unrestricted fund5 2024 Restricted funds 2024 Total 2024 At 30 Sèpt8mb•r 2024= Tangible assets Current a$$etWlliabilities} 136,866 12.459) 136,866 12,4591 134,407 134,407 16 Rèlated party transactions There were no disclosable related party transactions during the year12024- none). 12-